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lady does. >> jon: well, to be fair, warren buffett's cleaning lady is also a billionaire. (laughter) >> jon: warren buffett's op ed was a thoughtful treatise on the advantages the superwealthy currently enjoy at the hands at the tax code. or to put that another way. >> up next tonight, warren buffett, class warfare. >> more class warfare from an a fabl billionaire who should stop assuming the rich are all billionaires. >> warren buffett wrote an op ed, is he completely a socialist? (laughter) >> jon: is warren buffett a socialist? you have no [bleep] clue what socialist is, do you. hey, that george clooney always banging different broads what a year. (laughter) -- what a queer. (laughter) >> jon: so closing a few corporate tax loopholes and returning the top marginal tax rate to the 90s economic boom time levels is class warfare. and if there's one thing the rich have learned, it's that class warfare is hell. >> he invoked the corporate jet class. >> so that's a whole new category of people to demonize, right. >> soak the rich, it's their fault. >> barack obama's tax on these evil,
like warren buffett to pay? >> warren buffett pays capital gains taxes. it's great for warren buffett to go out and say raise the income tax. he doesn't pay income tax. he pays capital gains taxes. that's where most of his income -- >> he's invited you -- wait a minute. he's invited you and all presidential candidates he's invited to throw the book at him and to tax him more money. here's your chance. if you were president, how much would you like to tax warren buffett? set some perimeters because he wants you to. >> i would say there's a website to warren buffett. i used that website and theit wa website when i was in the senate, but there was a place where you can go and you can write a check to the federal government right now to pay down the debt. if warren buffett is feeling guilty that he isn't paying enough tax, warren buffett can go on a website and fill out his credit card which will accept any number he puts in there and pay a billion dollars to pay down the deficit if he wants to contribute more to the american government. the idea because warren buffett wants to pay more t
, kirsten powers. i'm jon scott, fox news watch is on right now. warren buffett's secretary shouldn't pay a higher tax rate than warren buffett. there's no justification for it. it is wrong that in the united states of america, a teacher, a nurse or a construction worker who earns $50,000, should pay higher tax rate than somebody pullingn 50 million dollars. >> a very busy week for the media began with the president pitching his latest tax plan, citing what is now referred to as the buffett rule. so, let's start there. the media theme, judy, seems to be that the, you know, it's time to soak the rich and ask them to pay more money, but the rich do pay an awful lot of taxes. >> right, it's true. it was very interesting, the disconnect between the media and the people. the american people seem to like this speech, but boy, the media certainly didn't and some of the most stallwart liberal columnists deserted the president on this and said, you know, hey, wait a minute, this is not what we wanted, this isn't what we had signed up for. so, it was an odd week. >> jon: jim, the president, the lin
on the road. calling once again on wealthy americans to pay more. warren buffett may want to do that, but a former ceo says no way. he's here to tell you why. and new census numbers painted a grim picture ever the economic recovery. why democratic efforts to spread the wealth are falling short. michele bachmann takes on rick perry over a controversial cancer vaccine. who is right? we'll have a debate. >> right now, baron warren buffett pays a lower tax rate than his secretary. an outrage he has asked us to fix. we need a tax code where everyone gets a fair shake and where everybody pays their fair share. >> paul: welcome to the journal,editorial report. i'm paul ggigot. that was president obama with the jobs act, calling on wealthy to pay more tax toss finance them and while warren buffett may be willing to do so, at least one former ceo is not. in a rehe sent op-ed in the wall street journal, harry gallop has this message for president obama, before you ask for more money from me and others, raise what you collect each year more fairly and spend it more wisely and then you'll need l
the matter. >> warren buffett would reich to give up benefits, we would be happy to talk about it. >> if this is war, the middle class was trounced a long time ago. for the first time more americans die from pills than spills. drug deaths top traffic deaths and a washington pharmaceutical. we begin this new week with what could be described as a new president. in announcing his deficit reduction plan he made it clear this is not personal, it's business. >> the last time i checked, the only pledge that matters is the pledge we take to uphold the constitutions. this is just class warfare. i reflect that asking the idea that a hedge fund manager should pay the same as the ceo is the right thing to do. >> republicans cry class warfare in response to a proposal for a buffett rule. a commitment to the wealthiest citizens at the same rate as those in america's struggling middle class it. takes its name from warren buffett. number two on the forbes list of richest americans and a self-man meat worth $47 billion. mr. buffett believes his tax rate is completely unfair. what his secretary pa
to pay more tax toss finance them and while warren buffett may be willing to do so, at least one former ceo is not. in a rehe sent op-ed in the wall street journal, harry gallop has this message for president obama, before you ask for more money from me and others, raise what you collect each year more fairly and spend it more wisely and then you'll need less of my money. the retired ceo of american express and executive committee of the american enterprise absolute and also the chairman of miller, welcome to the program. so, text us through your argument and beef with warren buffett? >> i don't really have a beef with warren buffett. if he thinks that he's paying unfairly low taxes, largely because he takes advantage of capital gains, and then puts his money into foundation so he he doesn't pay taxes on the capital gains and gets a he deduction on the money that he contributes, i think that would be entirely appropriate that he pay those taxes. >> paul: so, what is your -- what about you? you don't -- you say you wrote the piece, very interesting, that 80, 90% of your income this year
warren buffett. e.j. dionne of "the washington post" write today that the right wing wants to shut buffett up for speaking the truth about how the tax code actually makes the rich rich or the poor poorer. he's coming here tonight. and michele bachmann is once again talking about how she's, her word here, submissive to her husband. she's looking to shore up her evangelical base, but is it too late? and let me finish tonight with why christie's so hot. i think it's because he's hurting like most people. we begin with who's got the grit to match the voting anger. republican strategist steve schmidt was the senior strategist at john mccain's 2008 presidential campaign. and john heilemann writes for "new york" magazine. gentleman, let me just go to you. steve, you're the republican here. heilemann, you cover this party as well as the other party. chris christie, my hunch, my premise tonight. i think he's got something. it's irritability. it's like, don't mess with me. you take a shot at me, i'll shoot back at you. it's the angry guy or woman in traffic. life is congested today. we're an
warren buffett. that's in "the rewrite." >>> and later, is america safer now than it was before 9/11? richard engel will join me. when we design any well, the groundwater's protected by multiple layers of steel and cement. most wells are over a mile and a half deep so there's a tremendous amount of protective rock between the fracking operation and the groundwater. natural gas is critical to our future. at exxonmobil we recognize the challenges and how important it is to do this right. an accident doesn't have to slow you down. with better car replacement available only with liberty mutual auto insurance, if your car's totaled, we give you the money for a car one model year newer. to learn more, visit us today. responsibility. what's your policy? >>> buffettism is spreading. warren buffett's idea that the rich should pay more in taxes is being picked up by the european super rich. that's in "the rewrite," next. and later, nbc news chief foreign correspondent richard engel be premiering his "day of destruction decade of war" which is coming up on this network. i remember the days b
up -- why we wish f. scott fitzgerald could mean warren buffett. that's in "the rewrite." >>> and later, is america safer now than it was before 9/11? richard engel will join me. important phone call i made. when i got my medicare card, i realized i needed an aarp... medicare supplement insurance card, too. medicare is one of the great things about turning 65, but it doesn't cover everything. in fact, it only pays up to 80% of your part b expenses. if you're already on or eligible for medicare, call now to find out how an aarp... medicare supplement insurance plan, insured by unitedhealthcare insurance company, helps cover some of the medical expenses... not paid by medicare part b. that can save you from paying up to thousands of dollars... out of your own pocket. these are the only medicare supplement insurance plans... exclusively endorsed by aarp. when you call now, you'll get this free information kit... with all you need to enroll. put their trust in aarp medicare supplement insurance. plus you'll get this free guide to understanding medicare. the prices are compet
warren buffett. number two on the forbes list of richest americans and a self-man meat worth $47 billion. mr. buffett believes his tax rate is completely unfair. what his secretary pays the middle class rate of 29% on her salary of $60,000 a year, mr. buffett pays just 17% on the reported $46 million he earned last year. he said that's unfair. the congressional republicans need to stop in buffett's words caudling billionaires. the caudling billionaires is almost second nature. they responded with a familiar cry. >> class warfare may make for good politics and it makes for rotten economics. we don't need a system that seeks to divide people. >> when you cake an area and tax the people because most people are not those people, that's class warfare. >> he should cent in a check. we don't want to stag nate this economy by raising taxes. >> so as soon as one of america's greatest leaders calls for an increase on himself, he is engaining in class warfare? really? let's be honest. the president was today. >> it is wrong in the united states of america a teacher or a nurse or construction worker
buffett's secretary shouldn't pay a higher tax rate than warren buffett. >> who is this woman? >> i'm warren buffett's secretary. >> is it her? >> i'm warren buffett's secretary. >> is it him? >> i'm warren buffett's secretary. >> joe johns gets to the bottom of this much talked about and apparently overtaxed assistant. >>> and a self-proclaimed pot head about to get rich off of netflix? dude! the news starts now. >>> welcome back. if it's interesting and happening now, you are about to see it. beginning in california where a millionaire is asking the state's attorney general to review the deaths of not only his girlfriend, but his son as well. detectives say she committed suicide after learning his son wasn't going to survive. the 6-year-old suffered a severe head injury after falling down the stairs in her care. he says he has no reason to doubt the outcome, but i'm quoting, speculation is causing pain for the families. he adds quote -- >>> the involuntary manslaughter trial of michael jackson's daughter is ready to go. this is after a key witness now found is reportedly ready to
as he's done before about warren buffett paying more in his higher income tax rate than warren buffett's secretary pays and republicans you could hear it, republicans in the house of representatives laughed when they heard him making the warren buffett comparison. it doesn't sound like they are ready to get in there and start changing what warren buffett has to do on his tax return. >> i don't think they take that seriously. let's look at the humor in this to some extent. people like buffett have a lot of money they'll never even look at let alone spend. they don't need it. when they talk about giving back money to the government rhetorically, it means nothing until practical sense. they're not giving back the money. a lot of these republican people would say, wait a minute, if you want to make a contribution to the u.s. treasury, go ahead, buddy. i'll make it 125 a year and i do have a couple kids in school so don't talk about me being rich. i think they are very skeptical. i don't think that's smart rhetoric using warren buffett. there's something phony about it. something phony abou
's not the question? with all due respect, this is not new today. we will get to the warren buffett issue. but the wealthy democrats, have they been paying their fair share the last two, three, four years? >> i think people who are getting special tax preferences are not paying their fair share. they are not sharing the responsibility and trying to address the challenges that our country faces. what the president was doing is laying out a long-term deficit reduction plan and says over a period of time, we have to reform our tax code in a way that eliminates preferences that benefit certain special interests and have disproportionately benefited very wealthy people. >> what do you think would be a fair share percentage of earned income that the wealthy should pay? >> well, if you go back to the 1986 reagan tax reform proposal, they had the same rate applying to both income on capital gains and dividend and earned income. so the last time we had a big tax proposal under president reagan, that was the result, an equal tax rate applied to folks who earn most of their income through investment
millionaires and billionaires. that's pretty straight forward. it's hard to argue against that. warren buffett's secretary shouldn't pay a higher tax rate than warren buffett. >> all right, you say the president is wrong on this. tell me why. >> well, first of all, warren buffett's secretary doesn't pay a higher tax than warren buffett. warren buffett is the largest shareholder of berkshire hathaway, that's the majority of his wealth and berkshire hathaway pays 35% corporate income tax, that's his money, warren buffett's money. if his corporation didn't pay that tax, it would have been able to pay that money out to him in dividend. it's ingenuous to pretend that warren buffett isn't paying a lot of taxes and of course the taxes he's paying is in capital gains and that's because warren buffett chooses to work for no sally. if he paid a salary through berkshire hathaway he would have paid a tax rate. >> i'm paying well over 40% of my income in federal and state income taxes right now. how much more do they want to take? >> a lot more, have you not been hearing the president? he wants to take all
and billionaires. that's pretty straightforward. warren buffett's secretary shouldn't pay a higher tax rate than warren buffett. >> reporter: in the latest nbc news wall street journal poll the majority of americans support increasing taxes on the wealthy, but republicans immediately declared tax hikes are dead on arrival, accusing the president of driving a political wedge in the electorate. >> i don't believe class warfare is leadership. you know, we can get into this tax the rich, tax the rich and it's not going to get our economy going again. it's not going to put people back to work. >> this is not class warfare. it's math. >> reporter: analysts say the president is making a populist pitch. >> i think the president is trying to have an ideological fight. i think he wants this to be about democrats defending and working for the little guy, the average american and republicans defending the super rich. >> reporter: and mr. obama is on familiar territory, switching from governing to campaigning. >> this proposal, his whole style now is much more combative and confrontational. it reminds us tha
obama has been telling us how unfair it is for rich people like warren buffett to pay less taxes than his secretary. >> warren buffett's secretary shouldn't pay a higher tax rate than warren buffett. there is no justification for it. it is wrong that in the united states of america a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million. >> he's even named the new plan, the buffett rule. but a fact check by the associated press says the wealthiest americans pay taxes at a higher rate and pay a much larger share of all taxes collected. if you are going to pick a fight, have your facts straight. i think it's fair to say when you look at an a.p. fact check, not like a yahoo group, this policy that president obama just announced yesterday has gone over like a lead balloon in 24 hours. >> it's absolutely true. the a.p. chewed this apart. the irs tells a completely different story. you would think he would learn to get his facts straight. warren buffett is an investor. he pays likely capital dividend, investment taxes,
. warren buffett's idea that the rich should pay more in taxes is being picked up by the european super rich.รง that's in "the rewrite," next. and later, nbc news chief foreign correspondent richard engel be premiering his "day of destruction decade of war" which is coming up on this network. you name it. i've tried it. but nothing's helped me beat my back pain. then i tried this. it's salonpas. this is the relief i've been looking for. salonpas has 2 powerful pain fighting ingredients that work for up to 12 hours. and my pharmacist told me it's the only otc pain patch approved for sale using the same rigorous clinical testing that's required for prescription pain medications. proven. powerful. safe. salonpas. when you switch your car insurance to esurance. i could save 'em 522 smackers. you talkin' dough? bread. benjamins? scratch. greenbacks. moolah. cheddar... simoleons! don't try to out-save me. [ female announcer ] any way you say it, $522 is the average amount saved by people who switched to esurance. 522 bucks! [ female announcer ] to find out how much you'll save, call 1-800-es
. >> warren buffett secretary should not pay a higher tax rate than warren buffett. ago president obama is proposing means-testing medicare. he does not want to raise the eligibility age as some of his party appeared. the plan, which probably cannot pass congress, is being unveiled as a bipartisan super committee. republicans do not by the tax increases. >> tax warfare will simply divide the country more come to divide people, and it does not grow the economy. >> the president unveiled his plan to draw a contrast with republicans. >> their tax cut to police are investigating a suspicious death of a one-year-old. authorities say the child drowned. investigators say the infant's parents were in the hotel at the time, but not clear if they were in the room when the child drowned. the family had just arrived from saudi arabia to the united states. to go>>> a serial bank robber is behind bars this noon after an entire year on the run. samuel lewis is charged with robbing seven banks. he is expected in court later this afternoon for bond hearing. police say the armed robbery -- rob
wealthy and is named after one of the richest men in the world. warren buffett. good morning, i'm eric sean. >> jamie: it could have been eric sean but it is warren buffett. >> eric: not quite! >> jamie: welcome to america's news headquarters. it could affect a lot of people. the so-called buffett rumor and will include a new minimum tax rate for americans that earn more than $1 million a year. the president's plan will face stiff opposition, from republicans, on capitol hill, and, peter doocy has been gauging how folks feel about it there, live in washington. great to see you. how much will the buffett rule change the tax rate, if you are a millionaire? >> reporter: we don't know yet for sure but we have an idea what the president might think is fair, because back in '09 he did support a 5-4% millionaire surtax, as a possible way to pay for health care reform and tom's speech will not have specifics about the new rate or how much revenue the new buffett rule might raise. but, the president does want the rich and the middle class to pay uncle sam the same percentage of their earnings,
about the role he played. >>> taxing the rich? tonight, we crunch the here. warren buffett says he pay as lower tax rate than his secretary. tonight, the math, how it would change. you decide. >>> the bomb shell book. stunning details about the obama white house. tonight, our team with the copy. was there really a hostile environment for women. >>> sudden impact. the air race that ended in tragedy. the new video and the details about what it might reveal about the pilot. >>> and a cry for help. "world news" took you back to somal somalia. and that 24 cent solution. and this evening here, what all of you have done. >>> and good evening this sunday night. we're glad you're here. we begin with that case that sent political shockwaves from this country all the way to france. the man who wanted to be the president of france, yanked off a plane and charged with sexually attacking a hotel maid here in new york. the case against dominique strauss-kahn later crumbled, the charges dropped. and tonight here, we're hering his version of the story for the first time. speaking live on french televis
from tax hikes, an extra ttaxax on millionaires inspired by warren buffett. senator mitch mcconnell says that if warren buffett feels guilty, he should send in a check. paul ryan called the tax class welfare. president obama will not have to deal with criticism from republicans only. a new book by journalist ron suskind is describing the white house as played by infighting, this function, and sexism. that book hits the shelves tomorrow. scott goldberg. >>> thanks, scott. skins fans are celebrating a 2-0 start to this season. and rex grossman is getting a lot of praise. >> going for the endxone. touchdown, santana moss. >> the skins rallied to beat arizona, 22-21. we every action coming up later on in sports. >>> turning out to be a good season. i read a stat that it was in 2005 that we started this strong. >> 59 degrees outside. >> still ahead on "good morning washington", charlie sheen tries to make amends on the small screen's big night. what he had to say to his former classmates. plus, a second look at airshow after two deadly crashes [ male announcer ] humble beginnings are
Search Results 0 to 49 of about 675 (some duplicates have been removed)